Couldn’t agree more… huge volume today!!! Yes a lot of selling… but also huge buying, selling could be for a number of legitimate reasons… we have attracted overseas fund managers to the book… which is good and bad.. the end of the financial year is this month for many countries and tax loss selling happens, window dressing their portfolios happens… some that went in the CR were in the top 40… they could be selling shares to make room for their incoming shares… I don’t know!
Tungsten???
Tungsten is a critical metal of national interest.. it can’t be bought and sold on the market as a commodity, you can only get leverage to it by buying shares in companies that have it… you can count the number of companies that have a decent resource on one hand in Australia, Andrew has stated that 95% of energy and resources will go to towards silver play… 5% towards tungsten.. Andrew is quietly confident we will get government funding to help subsidise our first 1mil spend in the first 18months… we may only need to front up a few hundred thousand to get 25% interest, Geo’s can be working on strengthening the project technically while waiting for Paris drilling results to come in.
anyways… if we have this huge commodity super cycle… we might be glad to have the project… Andrew spoke about potentially spinning it out down the track… just have to wait and see.
The current CR will seem like nothing once FOMO hits the silver space…
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